VNET Group, Inc.
Industry Group: Software & Services
Country/Region: China
Identifier: NAS:VNET
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of June 2024, it had 48,516 self-built retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 358 MW of wholesale capacity in service with a further 297 MW under construction and a further 489 MW held for future development.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 274 out of 962
Universe
Global Universe 3600 out of 15080
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| VNET Group, Inc. |
18.6
Low
|
274 out of 962 |
| SixSigma Networks México SA de CV |
21.7
Medium
|
464 out of 962 |
| Dada Nexus Ltd. |
21.7
Medium
|
465 out of 962 |
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